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Required information The following information applies to the questions displayed below! Jimmie's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel

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Required information The following information applies to the questions displayed below! Jimmie's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmie's Fishing Hole uses a periodic inventory system Unit Cost Total cost $210 $3,360 200 2,000 Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 16 11 10 12 10 R 8 190 1,900 180 1,460 $8,700 Required: 1. Calculate ending Inventory and cost of goods sold at June 30, using the specific identification method. The June 7 sale consists of fishing reels from beginning inventory, the June 15 sale consists of three fishing reels from beginning inventory and nine fishing reels from the June 12 purchase, and the June 27 sale consists of one fishing reel from beginning inventory and seven fishing reels from the June 24 purchase. Ending inventory Cost of goods sold Required information [The following information applies to the questions displayed below) Jimmie's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmle's Fishing Hole uses a periodic inventory system. Transactions Unit Cost Total Cont Tune 1 Beginning inventory 16 $210 $3,360 Sale Purchase 200 2,000 Dune 15 Sale June 24 Date 11 June 7 June 12 190 1,900 12 10 8 B Purchase Sale Purchase June 27 June 29 180 1,440 $8,700 2. Using FIFO, calculate ending Inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold 7 0 Required information The following information applies to the questions displayed below.) Jimmie's Fishing Hole has the following transactions related to its top selling Shimano fishing reel for the month of June. Jimmie's Fishing Hole uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost June Beginning inventory 15 $210 $3,160 June Sale 11 June 12 Purchase 10 June 15 Sale 12 June 24 Purchase 10 190 June 27 5 June 20 Purchase 10 1.440 $8,700 2,000 1,900 ances 3. Using UFO, calculate ending inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold 1 Required information [The following Information applies to the questions displayed below.) Jimmie's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmie's Fishing Hole uses a periodic inventory system. Unit Cost Total Cost $210 $3,360 200 2,000 Date June 1 June June 12 June 15 June 24 June 27 June 20 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 16 11 le 12 10 8 8 190 1,900 180 1.440 $8,700 4. Using weighted average cost, calculate ending inventory and cost of goods sold at June 30. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold

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